Solaredge Technologies Inc (NASDAQ:SEDG) CEO Guy Sella sold 291 shares of Solaredge Technologies stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $39.36, for a total value of $11,453.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Solaredge Technologies stock opened at $38.03 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.67 and a beta of -0.42. Solaredge Technologies Inc has a 52-week low of $30.80 and a 52-week high of $70.74.
Solaredge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. The business had revenue of $236.60 million during the quarter, compared to the consensus estimate of $234.19 million. Solaredge Technologies had a return on equity of 33.12% and a net margin of 15.69%. The business’s quarterly revenue was up 42.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, equities research analysts anticipate that Solaredge Technologies Inc will post 2.73 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in SEDG. Rehmann Capital Advisory Group grew its stake in shares of Solaredge Technologies by 298.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 661 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 495 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of Solaredge Technologies during the 3rd quarter valued at about $127,000. Ayalon Holdings Ltd. bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $134,000. Itau Unibanco Holding S.A. bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $193,000. Finally, M Holdings Securities Inc. bought a new stake in shares of Solaredge Technologies during the 2nd quarter valued at about $233,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Solaredge Technologies Inc (SEDG) CEO Sells 291 Shares of Stock” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/12/08/insider-selling-solaredge-technologies-inc-sedg-ceo-sells-291-shares-of-stock.html.
About Solaredge Technologies
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.
Further Reading: What are defining characteristics of a correction?
Receive News & Ratings for Solaredge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaredge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.